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Oct 4, 2012
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he is outraged the government is instructing businesses to violate the law. >>trace: thank you, mike, from the white house. a new report shows that fewer americans are late on their credit card payments but, at the same time, we are letting the tell might you will on other loans. plus, a look at how president obama and governor romney duked it out over taxes during last night's debate. we will break down the numbers. that is coming up as we approach the bottom of the hour and the time of the news. ncer ] in a world where breakfast has become boring and steless... only one man can save the day. kellogg's crunchy nut! ♪ sweet and nutty crunchy nut! [ male announcer ] honey sweet flakes with nuts in every bite. it's super delicious. i've been a superintendent for 30 some years at many [ male announcer ] honey sweet flakes with nuts in every bite. different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the
he is outraged the government is instructing businesses to violate the law. >>trace: thank you, mike, from the white house. a new report shows that fewer americans are late on their credit card payments but, at the same time, we are letting the tell might you will on other loans. plus, a look at how president obama and governor romney duked it out over taxes during last night's debate. we will break down the numbers. that is coming up as we approach the bottom of the hour and the time of...
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no other state has enacted a similar law. new revelations tonight. members of the obama administration had met with mexican government officials roughly 30 times. the purpose of those meetings, to promote food stamp youth -- use among mexican immigrants. the meeting was disclosed by agriculture secretary tom bell said in a letter to senator jeff sessions to raise questions about the need for such a promotional program back in july according to the senator the number of legal non-citizens on food stamps has quadrupled since 2001. more than doubled since president obama took office. roughly one half million people. amoco industry says restoration hardware not only copy the company's best-selling chair, it stole the name as well. a manufacturer based in hanover, pennsylvania. the company's navy chair, there it is, one design awards as included in prominent collections and museums, sold in 48 countries. restoration hardware is now offering a line of navy branded chairs and schools that look, well, very similar. the company hit restoration with a lawsuit.
no other state has enacted a similar law. new revelations tonight. members of the obama administration had met with mexican government officials roughly 30 times. the purpose of those meetings, to promote food stamp youth -- use among mexican immigrants. the meeting was disclosed by agriculture secretary tom bell said in a letter to senator jeff sessions to raise questions about the need for such a promotional program back in july according to the senator the number of legal non-citizens on...
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Oct 3, 2012
10/12
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there is a law -- federal law when you get reconstruction money from the federal government called the stafford act. and basically, it says, when you get federal money, have you to give a 10% match. the local government's got to come up with 10%. every $10 the federal government comes up with, local government's got to give a dollar. now, here's the thing, when 9/11 happened in new york city... they waived the stafford act, said this is too serious a problem, we can't expect new york city to rebuild on its own -- forget that dollar you have to put in. we will -- here's $10. that was the right thing to do. whether hurricane andrew struck in florida, people said, look at this devastation! we don't expect to you come up with your own money, here! here's the money to rebuild. we won't wait for to you scratch it together because you are part of the american family. what is happening down in new orleans? where's your dollar? where's your stafford act money? makes no sense. tells me the bullet hasn't been taken out. [applause] tells me that somehow the people down in new orleans, they don't c
there is a law -- federal law when you get reconstruction money from the federal government called the stafford act. and basically, it says, when you get federal money, have you to give a 10% match. the local government's got to come up with 10%. every $10 the federal government comes up with, local government's got to give a dollar. now, here's the thing, when 9/11 happened in new york city... they waived the stafford act, said this is too serious a problem, we can't expect new york city to...
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the future trading commission and its effort to implement portions of the dodd-frank financial reform law. the judge rejected regulations that would have capped the amount of positions a trader can hold and the size of that position in various commodities. the chairman of the cftc says he's disappointed by the ruling and the agency is looking for new ways to get their way. well, my next guest says the dismal economic news of the week remits no significant -- represents no significant change, just more of the same as the economy continues to slip. joining us now, wall street legislate, his tore your, lures lerman. lou, i'm looking at the number, and the dow jones industrial, and this is stunning stuff. up almost 10%, 9.8%, year-to-date. the s&p up 14.56%. the nasdaq up almost 20%, up 19.62%. these are incredibly glorious numbers. aren't you happy? [laughter] >> well, i'm happy about the results. of course, for everybody who profited by it, but unhappy about the techniques by which the market has been floated into, you know, 10%-15% increases in value. this is a federal reserve system money
the future trading commission and its effort to implement portions of the dodd-frank financial reform law. the judge rejected regulations that would have capped the amount of positions a trader can hold and the size of that position in various commodities. the chairman of the cftc says he's disappointed by the ruling and the agency is looking for new ways to get their way. well, my next guest says the dismal economic news of the week remits no significant -- represents no significant change,...
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Oct 4, 2012
10/12
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graham says the law is clear and sequestration is reality for now. >> that's an absurd interpretation. of course you can change any statute, but until it's changed, it has to be complied with. and right now there is no agreement in the congress with the white house. >> senator john mccain estimates the price tag if sequestration happens and the pentagon needs to reimburse contractors for severance cost could be $4 billion. in a letter to defense secretary leon panetta, mccain says he plans to deny any transfer of money that could have been avoided by complying with the law. brett? >> bret: stay on it. thank you. brick shipyard workers clashed with police after they forced their way into the defense ministry compound. more austerity protest elsewhere in athens. rallies against proposals that would cut salaries and personnel. >>> one world leader plans on turning 60 in style. you simply will not believe al gore's excuse for president obama's performance at the debate. grapevine is next >> bret: now some fresh pickings from the political grapevine. we've looked at the presidential debate
graham says the law is clear and sequestration is reality for now. >> that's an absurd interpretation. of course you can change any statute, but until it's changed, it has to be complied with. and right now there is no agreement in the congress with the white house. >> senator john mccain estimates the price tag if sequestration happens and the pentagon needs to reimburse contractors for severance cost could be $4 billion. in a letter to defense secretary leon panetta, mccain says...
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Oct 9, 2012
10/12
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mindful of the fact there was an ongoing investigation, not reveal anything that might compromise our law enforcement investigation. >> fox news confirmed that a waiver was signed by the state department, consulate in benghazi did not need specific security environment for high-threat posting. the manage they're signed off on the waiver is scheduled to testify tomorrow. >> that will be a hearing. >> it will be. >> bret: thank you. >> you're welcome. >> bret: radical egyptian cleric extradited from britain has pleaded not guilty to terrorism charges in new york. abu hamsal al masri accused to conspire with men in seattle to set up training camp for al-qaeda in oregon. they are charged with blotting to blow up embassies in africa. former penn state university assistant football coach convicted of child abuse sentenced to at least 30 years in prison. 68-year-old jerry sandusky would be nearly 100 when released. sandusky was found guilty on 45 counts. greece gives a not so warm welcome for the chancellor of germany. next. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you fou
mindful of the fact there was an ongoing investigation, not reveal anything that might compromise our law enforcement investigation. >> fox news confirmed that a waiver was signed by the state department, consulate in benghazi did not need specific security environment for high-threat posting. the manage they're signed off on the waiver is scheduled to testify tomorrow. >> that will be a hearing. >> it will be. >> bret: thank you. >> you're welcome. >> bret:...
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Oct 2, 2012
10/12
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the administration is telling companies to break the law. get this. the president is putting you -- yes, you -- on hook to pay the legal bills for the businesses violating the law. here's the facts. sequestration hits in three months. the reason, neither the president nor congress is doing their job to keep us from going off the fiscal cliff. defense contractors have to make cuts. by law, they must warn employees if their jobs are on the line, but the obama administration is now telling companies hold on, don't warn anyone yet. an obama administration memo says if a company gets sued for breaking the law, the labor department -- that means you -- will cover the legal bill. so is president obama pledging taxpayer money to push this back until after the election to give himself political cover? joining us is haley barbour. welcome, governor. why is he doing this. >> the law is clear, because the sequestration, companies are going to make layoffs, they have to give notice. the obama administration is telling, don't tell anybody you're going to get laid o
the administration is telling companies to break the law. get this. the president is putting you -- yes, you -- on hook to pay the legal bills for the businesses violating the law. here's the facts. sequestration hits in three months. the reason, neither the president nor congress is doing their job to keep us from going off the fiscal cliff. defense contractors have to make cuts. by law, they must warn employees if their jobs are on the line, but the obama administration is now telling...
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Oct 3, 2012
10/12
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that's a big federal law they're going to be looking at. they may -- >> bill: tell me what it says. >> the defense of marriage act in 1996 said only -- you can't only have marriage between a man and woman. not just marriage, but the legal benefits that come with marriage, when you die. >> bill: who wants to overturn that? >> lot of people do, but at least five cases are now in front of the supreme court by different plaintiffs saying, look, i was in a marriage, i was? a marriage. it was sanctified by the state. >> bill: are they all gay people? >> all gay people. right. now you feds, you can't take away my rights. >> bill: so all gay people, five different cases. >> five in front of the supreme court. 19 pend not guilty federal court. >> arthel: so the supreme court pick -- >> bill: so the supreme court picked one? >> they haven't picked any. >> bill: will they pick one? >> yes. >> bill: just one? >> no. my thinking is they'll president-elect obama put all of them together. the big soup can? >> right. >> bill: then guilfoyle, they'll delibe
that's a big federal law they're going to be looking at. they may -- >> bill: tell me what it says. >> the defense of marriage act in 1996 said only -- you can't only have marriage between a man and woman. not just marriage, but the legal benefits that come with marriage, when you die. >> bill: who wants to overturn that? >> lot of people do, but at least five cases are now in front of the supreme court by different plaintiffs saying, look, i was in a marriage, i was? a...
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it's law that just makes sense. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >> president obama says encouraging job report shows the country made too much progress to turn back now. do you believe the numbers? here's what you are posting on the show's facebook page. june says, no, i think it's ever so convenient that the numbers they put out are good right after an ever so poor debate performance. another says, if you believe the numbe
it's law that just makes sense. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or...
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Oct 8, 2012
10/12
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. >> citizens elect represen representatives to select passing laws. that's how democracy is supposed to work. now questions about whether the epa with the help of environmental groups has ceased power that voters can no longer control. >> 2010 the northwest environmental defense center convinces accord that money water running off logging roads is industrial pollution requiring an epa clean water permit. the timber industry says it will cost thousands of dollars kicos thousands of jobs without any environ tament benefit. 2009 another environmental group the chesapeake bay foundation sues to force the epa to crack down on water runoff for farms along the bay. the epa settled and i am posed strict new rules that the american farm bureau says will cost billions of dollars. 2011 the epa poses stricter limits on pesticide use than congress requires. environmental groups sued saying law americas were being too lenient. just a few cases that show how environmental groups ex tort influence over the epa. >> they used a lot of litigation to get federal judges t
. >> citizens elect represen representatives to select passing laws. that's how democracy is supposed to work. now questions about whether the epa with the help of environmental groups has ceased power that voters can no longer control. >> 2010 the northwest environmental defense center convinces accord that money water running off logging roads is industrial pollution requiring an epa clean water permit. the timber industry says it will cost thousands of dollars kicos thousands of...
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Oct 6, 2012
10/12
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congress will work out a deal to avoid the cuts which secretary panetta said would be devastating, but a law called the warren act says if you expect to have that, he's going to be straight with the employees and says the uncertainty is rough. >> it's the sequestration, what shall we tell our people? it's akin to being in a car and you find you're playing chicken and you've got your company in there and they're saying to you, if we go over the cliff, we'll help you out. provided you don't tell the folks that are in the car with us. >> and what he means is that the obama administration is telling contractors they don't need to send out notices before today and if they get sued for not doing so, they'll pick up the tab. contractors say they'll hold off telling workers, but two key republican senators, lindsey graham and john mccain sent a letter to contractors, quote, it's our fear should you rely on that guidance and fail to comply with the warren act requirement you'll be setting the company up legal repercussions and graham calls it disturbing. >> not only does it say the warren act. the pr
congress will work out a deal to avoid the cuts which secretary panetta said would be devastating, but a law called the warren act says if you expect to have that, he's going to be straight with the employees and says the uncertainty is rough. >> it's the sequestration, what shall we tell our people? it's akin to being in a car and you find you're playing chicken and you've got your company in there and they're saying to you, if we go over the cliff, we'll help you out. provided you don't...
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>> they could if it is law in u.s., they could. if i sell a tv that made in japan, made in china, they -- and i don't pay the fees to them, who knows what can could happen to us, but i have to have an attorney, i on staff just waiting. >> could you be taken to courts overseas in china? >> if this geese into affect who knows? i am very concerned, very concerned about the charities, and about my customer, you know right now with the economy as bad as it is, people neat money, they going to -- people need money they go to pawn shops, and they go2net net to save money this will stop business. liz: how is your business doing? >> my business is okay. pawn business is you know has been you know the year of 2008, when the economy went bad, people know they come to the pawn shop, they can get tremendous deals, but what will happen? people won't want to come to pawn shops, they going to a retailer and pay the same amount this will affect the, right now, business is good. in years to come, if this gets passed, i have no idea whack happen. liz
>> they could if it is law in u.s., they could. if i sell a tv that made in japan, made in china, they -- and i don't pay the fees to them, who knows what can could happen to us, but i have to have an attorney, i on staff just waiting. >> could you be taken to courts overseas in china? >> if this geese into affect who knows? i am very concerned, very concerned about the charities, and about my customer, you know right now with the economy as bad as it is, people neat money,...
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Oct 5, 2012
10/12
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this is, you know, the executives obligation is to execute the law. and they're doing exactly the opposite with obvious impunity. >> chuck? >> well, it sure does invite the lawsuits because if you're a plaintiffs lawyer you have a free shot. the company doesn't have a skin in the game. they are he' covered so you can be sure there will be a lawsuit under this. >> and the hopes is that sequestration is worked out, but right, here is the question with that advice. if the administration is operating under the assumption that the sequestration is never going to be implemented or unimplemented why didn't they do this months and months ago when members of congress were trying to work out something that would have forced out exactly this kind after outcome and given these companies an opportunity to not have to deal with this at all and presumably probably save companies a lot of money. >> bret: all right, seconds and i didn't say this at the top because i didn't want to embarrass you, steve's pick loss and second now because i wanted to save you some face.
this is, you know, the executives obligation is to execute the law. and they're doing exactly the opposite with obvious impunity. >> chuck? >> well, it sure does invite the lawsuits because if you're a plaintiffs lawyer you have a free shot. the company doesn't have a skin in the game. they are he' covered so you can be sure there will be a lawsuit under this. >> and the hopes is that sequestration is worked out, but right, here is the question with that advice. if the...
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but nothing like the law of unintended csequences. how lawyers are cashing in on the rise of the new consumer financial protection bureau. do you ever have too much money? apparently lawyers don't. ♪ ♪ . melissa: so you know what they say. you have to be in it to win it but skiddish investors are yanking big bucks out of u.s. equity markets and the volume at online discount trading firms like trade, tumbled 37% in august from last year. that is not month over month. that is year-over-year. so what does it signal when everyday shareholders like you are taking their money and running for the lls? with me, scott martin, chief market strategist at united advisors. scott, thanks for coming back on the show. was really shocked by this stat. would be one thing if it was august compared to july, oh, everyone is on vacation but this is year-over-year. >> i thought so too. until you read the stat i figured month over month, no big deal because the stock market volume dropped off in accordance. year-over-year is pretty perplexing. especially
but nothing like the law of unintended csequences. how lawyers are cashing in on the rise of the new consumer financial protection bureau. do you ever have too much money? apparently lawyers don't. ♪ ♪ . melissa: so you know what they say. you have to be in it to win it but skiddish investors are yanking big bucks out of u.s. equity markets and the volume at online discount trading firms like trade, tumbled 37% in august from last year. that is not month over month. that is year-over-year....
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Oct 8, 2012
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it's a struggle for the dignity that comes with freedom and opportunity and the right to live under laws of our own making. it's a struggle that has been unfolded under green banners in the streets of iran, in the public squares of tunisia and egypt and yemen and in the fights for liberty in iraq and afghanistan and libya and now in syria. in short, it's a struggle between liberty and tyranny. justice and oppression, hope and despair. we have seen this struggle before. it would be familiar to general george marshall. in his time the ashes of world war, another critical part of the world was torn between democracy and it is potism. fortunately we had leaders of courage and vision, both republicans and democrats who knew america had to support friends that shared our values and prevent today's crises from becoming tomorrow's conflicts. statesmen like marshall rallied our nation to rise to its responsibility as leader of free world. we helped our friend to build and sustain free societies and free markets. we defended our friends, and ourselves from our common enemies. we led. we led and th
it's a struggle for the dignity that comes with freedom and opportunity and the right to live under laws of our own making. it's a struggle that has been unfolded under green banners in the streets of iran, in the public squares of tunisia and egypt and yemen and in the fights for liberty in iraq and afghanistan and libya and now in syria. in short, it's a struggle between liberty and tyranny. justice and oppression, hope and despair. we have seen this struggle before. it would be familiar to...
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Oct 2, 2012
10/12
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to warn workers they can reduce the law. by law companies should employ at least 100 employees should provide, must provide written warnings to workers. the omp states to further minimize waste and destruction with unwarranted layoff notices this memorandum provide guidance regarding the certain liability and litigation costs associated with compliance. >> it's indefensible. you make the point the law is very clear if because this administration companies won't have to make layoffs they have to give notice. obama says don't tell anybody you are going to get laid off because of what's happening in our administration, but they go beyond that and say not only don't comply with the law but we will make the taxpayers pay your legal bills. that is outrageous. >> he is echoing the senate. they are sending layoff notices in an effort to pressure congress and the white house to take action against defense cuts. lockheed martin releasing a statement that in part concludes we remain firm in our conviction the automatic and across the b
to warn workers they can reduce the law. by law companies should employ at least 100 employees should provide, must provide written warnings to workers. the omp states to further minimize waste and destruction with unwarranted layoff notices this memorandum provide guidance regarding the certain liability and litigation costs associated with compliance. >> it's indefensible. you make the point the law is very clear if because this administration companies won't have to make layoffs they...
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Oct 1, 2012
10/12
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it's law that just makes sense. humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy. don't forget to ask about saving up to 10% when you combine your auto and home insurance with liberty mutual. security, coverage, and savings. all the things humans need to make our beautifully imperfect world a little less imperfect. call... and lock in your rate for 12 months. liberty mutual insurance. responsibility. what's your policy? for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ >>>
it's law that just makes sense. humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy. don't forget to ask about saving up to 10% when you...
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Oct 1, 2012
10/12
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it's law that just makes sense. growth >> he's trying to... i don't, and the, i think, during the debate. >> governor romney has been practicing for months and the invasion of normandy took less preparation, than he is putting into these debates. >> chris: well, that was governor romney and top obama advisor david axelrod playing the expectations game ahead of wednesday's first presidential debate. it is time for our sunday group, bill kristol of "the weekly standard," liz mar lantas, syndicated talk show host laura ingraham and political analyst juan williams. bill you heard paul ryan say romney will offer the country a clear choice of two different economic futures. is that what he needs to do wednesday? is that enough? >> i think, he needs to win the debate. that is my advice to governor romney and it is time to begin panicking and that means offering his own way ahead and, really explaining why the next four years under president obama will be disastrous, shouldn't focus on the last four years, focus on the next four years and clear choice
it's law that just makes sense. growth >> he's trying to... i don't, and the, i think, during the debate. >> governor romney has been practicing for months and the invasion of normandy took less preparation, than he is putting into these debates. >> chris: well, that was governor romney and top obama advisor david axelrod playing the expectations game ahead of wednesday's first presidential debate. it is time for our sunday group, bill kristol of "the weekly...
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but nothing like the law of unintended consequences. how lawyers are cashing in on the rise of the new consumer financial protection bureau. do you ever have too much money? apparently lawyers don't. ♪ want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what you know. let's do it grandpa. that's why humana agents will sit down with you, to listen and understand what's important to you. it's how we help you choose the right humana medicare plan for you. because when your medicare is taken care of, you can s
but nothing like the law of unintended consequences. how lawyers are cashing in on the rise of the new consumer financial protection bureau. do you ever have too much money? apparently lawyers don't. ♪ want to try to crack it? yeah, that's the way to do it! now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah....
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Oct 1, 2012
10/12
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FOXNEWS
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governor jerry brown signing the bill in law . and work permits under president obama's new immigration plan. supporters of the law say that it will make roads safer and let the illegals get to work and school they should not be entitled to licenses and could end up using them for other purposes. like voting. >> gretchen: a dire - deer runs across the street. and the two go tumbling down the road. the skater not hurt too badly. crazy picture. now weather alert. colcalifornia river nearly breaks a record. you are looking at video of a nearby park under water. police are letting residents return back to their homes. they were forced to evacuee. i can tell you in texas it was raining like that in dallas. that is moving to the east and we have a bunch of rain in the midatlantic and down in the panhandle in florida. it continues to get rain in the rio grand valley in texas. they could use the rain but not so much . we have 40s and 50s in the east and central plain states . 60s and 70s in portions of florida. this is what you want to kn
governor jerry brown signing the bill in law . and work permits under president obama's new immigration plan. supporters of the law say that it will make roads safer and let the illegals get to work and school they should not be entitled to licenses and could end up using them for other purposes. like voting. >> gretchen: a dire - deer runs across the street. and the two go tumbling down the road. the skater not hurt too badly. crazy picture. now weather alert. colcalifornia river nearly...
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Oct 3, 2012
10/12
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florida law protects manatees from alleged abuse. sheriffs released this photo to track down the woman and she turned herself in. >>> we also have another video going viral this morning. a tv news anchor fights back against a nasty e-mail from a viewer who says she's a poor role model for girls because she's fat. jennifer livingston who works at news 8 in wisconsin calls it a lesson on bullying. >> and here is where i want all of us to learn something from this. if you didn't already know, october is national antibullying month. and this is a problem that is growing every day in our schools and on the internet. >> that was just a portion of the video. livingston took that nasty viewer to task for four minutes. four minutes she went off on her. >> i think i might be in love with jennifer livingston. good for her. i'm going to start doing that with my -- today i want to respond to -- look at her. that was so good. >> when i respond to folks, soledad's like, did you hit them back on twitter? you have to -- >> don't do it on twitter. do
florida law protects manatees from alleged abuse. sheriffs released this photo to track down the woman and she turned herself in. >>> we also have another video going viral this morning. a tv news anchor fights back against a nasty e-mail from a viewer who says she's a poor role model for girls because she's fat. jennifer livingston who works at news 8 in wisconsin calls it a lesson on bullying. >> and here is where i want all of us to learn something from this. if you didn't...
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lou: law talk about th -- let'sk about the cyberattacks, some view they are a little bit closer to did damage than anyone thought, so far no damage. lasting damage at all. your thoughts? >> well cyberattacks in general have been not only industrial espionage but also, a full-scale assault on the most important of our defense pro pry tear information, so in that sense they have done a lot of attacks, are they trying to operate on the quirketty exchanges with alga rythms to disrupt trading might be another question. lou: it seems that wall street having enough success on its own thank you. using these high frequency trading, highly sophisticated series of programmatic trades, last week, 4% of the volume estimated to have been because of one algorithm carrying out false trades if you will, a scout program on the market, this is getting stupid, is it not? about well, -- >> wall street? >> yeah, the scout program, as you say, a euphemism for an attempt to manipulate equity markets in a particular way with vast amount of trading on a short period of time, 70% is high frequency, it can be dis
lou: law talk about th -- let'sk about the cyberattacks, some view they are a little bit closer to did damage than anyone thought, so far no damage. lasting damage at all. your thoughts? >> well cyberattacks in general have been not only industrial espionage but also, a full-scale assault on the most important of our defense pro pry tear information, so in that sense they have done a lot of attacks, are they trying to operate on the quirketty exchanges with alga rythms to disrupt trading...